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Benzinga

Business

Ananya Gairola

Apple To Shut Down China Retail Store For First Time Ever, Citing Shifting Mall Landscape Amid Consumer Slowdown

Apple China AAPL

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Apple Inc. (NASDAQ:AAPL) will close one of its retail locations in China next month, marking the first store closure in the country since the tech giant entered the market in 2008.

What Happened: On Monday, the company announced it will shut down its store at Parkland Mall in Dalian City's Zhongshan District on Aug. 9, citing a broader decline in the mall’s retail presence, reported the New York Times.

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